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News Releases

HAWAII BENEFITS FROM ALEXANDER & BALDWIN FOUNDATION DONATIONS EXCEEDING $1.3 MILLION IN 2004
Additional $280,000 Donated to Mainland Charities

HONOLULU – January 19, 2005 – In 2004, the Alexander & Baldwin Foundation (A&B Foundation), funded by the business activities of Alexander & Baldwin, Inc. and its subsidiaries, donated more than $1.3 million to 267 separate non-profit organizations serving Hawaii and the Pacific Islands, to help address significant community needs and ensure a better quality of life for Hawaii’s residents. A&B’s statewide subsidiaries include Matson Navigation Company and A&B Properties, Inc; subsidiaries on Maui are Hawaiian Commercial & Sugar Company (HC&S), East Maui Irrigation Company (EMI), Kahului Trucking & Storage (KT&S), A&B Wailea LLC; and on Kauai, Kauai Coffee Company, Kauai Commercial Company and Kukui`ula Development Company. ABF also donated $280,000 to charities on the U.S. mainland.

A&B Vice President Meredith J. Ching, who serves as chair of the A&B Foundation’s Hawaii Committee, said, “A&B’s commitment to Hawaii takes many forms. We provide employment to 1,500 Hawaii residents and we are investing hundreds of millions of dollars back into the state, in our business operations. Furthermore, when our companies do well, we are able to direct more charitable dollars to the communities where A&B does business. We look to support organizations that help make our state be a healthy and safe place to live, work, and raise a family. These are issues that are important to A&B employees and to our community neighbors.”

Support Broad, Diverse

The A&B Foundation continues its support for agencies on six Hawaiian islands, providing general operating, special project and capital support to a broad range of organizations. Health & human service agencies benefited from more than $570,000; educational causes received roughly $240,000; culture and arts organizations gained more than $190,000; community/civic causes caught roughly $220,000; and environmental and maritime organizations were granted more than $50,000.

Health & Human Services

Health & human service organizations were granted $579,030 in 2004, including contributions to United Way agencies statewide totaling $300,000. These grants were supplemented also by personal donations made by A&B employees and retirees, totaling more than $137,000. Other notable grants included a number made to address the drug abuse problems in our state, a priority issue for A&B’s employees and its communities—a $40,000 lead donation was provided to the Pacific Arts Foundation in support of Edgy Lee’s documentary and workplace videos on Hawaii’s crystal methamphetamine epidemic; on Maui, $25,000 was given to the Friends of the Maui Drug Court to initiate new reintegration programs for drug offenders and their families; and the Maui Economic Opportunity accepted $10,000 for its hula-based reintegration program for incarcerated former drug-abusers; on Kauai, $15,000 was provided to establish a volunteer-recruitment program for Hale Opio’s Teen Court program. Grants were also awarded to the Blood Bank of Hawaii ($25,000), Wilcox Hospital on Kauai ($20,000), Special Olympics Hawaii ($10,000), Maui Memorial Medical Center Foundation ($5,000), the American Cancer Society ($4,000) and the Waikiki Health Center on Oahu ($2,500).

Education

Including $28,325 in matching gifts (triggered by personal donations by A&B employees, retirees and directors), the A&B Foundation donated $210,290 to educational institutions ranging from preschools to graduate schools. ABF continues to support the University of Hawaii Foundation via grants to Kauai Community College ($10,000) and the UH Hilo campus ($5,000). In addition, Hawaii Pacific University received a $11,500 grant to its President’s Fund and Chaminade University gained $5,000 to renovate its communication department facilities. Individual public and private schools on Maui, Kauai, Lanai, Molokai and Oahu also received operating and capital donations, as did the Public Schools of Hawaii Foundation ($10,000). These include $20,000 to Island School (Kauai), $15,000 to Maryknoll School (Oahu), $10,000 to Seabury Hall and $5,000 to St. Anthony Jr. Sr. High School (Maui).

Cultural & Arts Support

Culture and arts organizations benefited from $196,470 in direct grants and an additional $11,625 in matching gifts. Significant grants included the third and final payment of a $100,000 capital pledge to the Maui Arts and Cultural Center; the final half of a $100,000 pledge to the Smithsonian Museum of American History, $5,000 to Ohi`a Productions, $2,500 to Hui No`eau on Maui and $2,000 to the Storybook Theatre of Hawaii on Kauai.

In keeping with the rich history of ABF’s funding corporation, historical societies on Oahu, Maui and Kauai were supported. Other Hawaiian historic/cultural programs supported include the Friends of Iolani Palace, the Mission Houses Museum, the Mokihana Festival (Kauai), and Na Kalai Wa`a O Kauai (canoe building).

Community Needs

Programs and events benefiting the broader community and the quality of life across the state received $226,580 in support from the A&B Foundation. A significant effort was made to address the affordable housing issue with the granting of $30,000 to Kauai Self-Help Housing to bring homebuyer fairs to this island for the very first time. To be held in 2005, these fairs will help prepare and encourage first-time home buyers. Other community grants included $15,000 to the Honolulu Zoo Society, $10,000 to build a new facility for the YMCA of Kauai, $5,000 for the inaugural leadership training class for Leadership Kauai, and $4,000 for the Big Brothers Big Sisters of Maui. Grant support was also provided to 4-H programs; the American Red Cross, CrimeStoppers, Boy and Girl scout councils in Hawaii, youth centers, conferences, festivals, and parades, including those honoring America’s soldiers and reservists. Environmental causes supported by the A&B Foundation included $12,500 to the UH Foundation to purchase a vehicle for the East Maui Watershed Partnership and $11,000 to The Nature Conservancy for preservation management activities.

Long History of Charitable Support

“We are continually looking for ways to make a difference in our communities. We look to provide sustained support for mainstay organizations as well as new support for non-profits pursuing innovative and effective means of meeting community needs and solving community problems,” said Ching. “We are proud to say that we have been an active member of many Hawaii communities for more than 130 years.” A detailed report on 2004 giving by the A&B Foundation will be published next month and will be made available to the public. For more information, visit www.alexanderbaldwin.com/abf

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For further information: FOR MORE INFORMATION CONTACT: Meredith J. Ching, 808-525-6669 or mching@abinc.com FOR IMMEDIATE RELEASE